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Cultural Economics

If John Stuart Mill would feel at home with neo-liberal economics, Confucius would love behavioural economics and the new "nanny state" schools of libertarian paternalism and coercive paternalism it has inspired.

From Bruce Lee to Wong Kar-wai, from Vivienne Tam to the Octopus card system, Hong Kong has been the cradle for some of the world's biggest names in the creative field, producing distinguished cultural products that help shape the identity of Hongkongers and branding the city on the international stage.

After an 'honourable mention' in the chief executive's three successive policy addresses and one motion debate in the Legislative Council, the government finally put a proposal to Legco to create a new office, CreateHK, in the Commerce and Economic Development Bureau to spearhead the development of creative industries.

18. The vitality of our economy owes much to the numerous small and medium enterprises which employ many workers. The Special Administrative Region Government (SARG) will give them strong support. Traditional industries and the local community economy play a unique role in the restructuring of our economy, by offering a wider variety of jobs. We will actively complement their development.